Forbes has named rapper Shawn Carter aka Jay Z as the first hip hop artiste to clinch the billionaire status.
The 49-year-old rapper became a billionaire after his various business from Champagne, Tech, Real Estate and cash investments cumulatively reached $1 billion.
What’s Jay-Z Worth?
“To calculate his net worth, we looked at the artist’s stakes in companies like Armand de Brignac champagne—applying our customary discount to private firms—then added up his income, subtracting a healthy amount to account for a superstar lifestyle. We checked our numbers with a roster of outside experts to ensure these estimates were fair and conservative. Turns out, Jay-Z really is a business, man.” – Forbes.
Below is a break down of Jay Z’s $1 billion net worth.
Armand de Brignac – $310 million
Cash & investments – $220 million
D’Ussé – $100 million
Tidal – $100 million
Roc Nation – $75 million
Music catalog – $75 million
Art collection – $70 million
Real estate – $50 million